Another week of highlights #5. This will be an interesting one. so much is happening. Macro looks horrid. Crypto is onto some new narratives and shitcoin pump. Lastly, with more juicy FUDs.
Hope you enjoy the content, and feel free to connect with me on Twitter here.
Segmenting the megathread of content into 5 parts:
Macro news
Trending narratives
Defi happenings
Educational resources and tools
Spicy crypto drama
1. Macro News
Reflecting on how much we/the politicians, have profited in 2022. Kind of disgusts me to see this, but this is how the world works isn’t it.
Here’s the full trading report on politicians in 2022. @unusual_whales
Before jobs and PMI data got released, the beginning of this week started off with some indications of where the market could be heading.
Inflation seems to have peaked, but it may not be the last peak of this cycle. Incoming:
Lower CPI (negative CPI in 2H 2023)
US recession
Fed cutting with money printing
then inflation spike
However, @PeterSchiff disagrees with CPI inflation falling below 2% and going negative. And largely is aligned with @michaeljburry other points such as rate cuts, QE and sky high inflation.
Contrary to that… I am somewhat skeptical. But just likely are these predictions?
Official says that rates shouldn’t be cut in 2023. @unusual_whales
Just later this week, key data released such as employment and PMI data. The market reacted violently. It seems like all indicators point to south… Gigantic market reaction to the recessionary PMI data coming from the US. @MacroAlf
2. Trending Narratives
If you find last week’s highlights #4 not sufficient with narratives, theres more this week! The direction and tone seemed to have changed up.
@zksync saw significantly more daily transactions in 2022, as well as 4x growth in deposits @ETH_Daily
Everyone’s writing about 2023 predictions, what about the predictions that were made for 2022? Let’s take a look at some 2022 predictions & how they went. @CJCJCJCJ_
25 Macro & Crypto Predictions For 2023. @thehiddenmaze
4 narratives to add to your watchlist in 2023. @0xTindorr
Five crypto narratives for 2023. @permanentgainz
Top of the week feature: the rise of LSD narrative along with the Shanghai upgrade. Heard much buzz around LDO, SD, BTRFLY (following soon to come DINERO, in Kamikaze shills and some chads are watching this closely)
The upcoming Ethereum (Shanghai) upgrade will have a huge impact on liquid staking protocols. @TheDeFinvestor
There is great hype on Liquid Staking protocols and consolidating all great information you would need to know about LSDs. @0xCrypto_doctor
But also good to keep track of smart wallets too. @AvaxGems shares on chain data showing the opposite case to the bullishness of LSD.
Aside from these, crypto is far from mass adoption due to • Lack of understanding • Usage complications • Security risks • Volatility • Regulatory uncertainty @0xYugiAI
Unlaunched Layer 2s alpha @1_Point_618
Narratives have always existed. They are based on expectations about an investment outcome. @Chinchillah_
3. Defi Happenings
MDMA: Monday DeFi Market Alpha @dennis_qian
A compilation of Alpha, Bugs, exploits and minor news from last week in the crypto market. @FungiAlpha
IMO there are too many DEXes around. For god's sake how many dex do we need on Arbitrum? @crypto_condom
Where & what to trade on chain @crypto_condom
Only on $GMX can you be +4.39% in profit, and still be in a -9.55% net loss due to outrageous fees. @ImNotTheWolf
GammaSwap is innovating "impermanent gains", enabling users to trade on volatility. @0xTindorr
Here's a summary of the latest developments in the Arbitrum Ecosystem @TheDeFinvestor
$TAO been developing a decentralized neural net for 7+ years Network will grow exponentially over time as intelligence compounds More it grows.. less newcomers will be able to compete @DreadBong0
Over 1,000 people tuned into this @ryskfinance / @arbitrum / @rage_trade / @GMX_IO Twitter Space Here’s a summary of the alpha
All indications are that the Uniswap team is working on a V4. In this thread, I’m going to discuss what Uniswap V4 might look like and why. @mjayceee
Prediction: $UNI will either start their own app-chain or look to begin migrating V3 liquidity to a layer-2. @Crypto_McKenna
ALPHA STRATEGY: EARNING YIELD ON SHORTS @0xCrypto_doctor
A pre-whitepaper speculative dive into @redactedcartel's upcoming $DINERO @MStiive
As promised, the threadoooor is back at it again with a new special: @redactedcartel aka $BTRFLY. @ZoomerOracle
An alpha thread by a chad! He discovers some new DeFi projects to watch @toffee248
A couple more alphas: Cap finance @ImmutableAlpha
@tenderfi is borrowing/lending platform with support for auto-compounding and collateralization of assets including $GMX and $GLP. @CrossChainAlex
4. Educational resources and tools
Glad to have been picked up one of the greatest chad in the space, best way for myself to kickstart 2023.
10 More Chaddish Accounts To Follow @rektdiomedes
Sharing her 3-step Twitter growth playbook, which I think its a superb play and for everyone who is looking for engagement, this should not be missed. @nikitaavermaa
He did many threads about FTM, TON, THORCHAIN and UMAMI, all consolidated into this one thread for deep dive series @jake_pahor
It's time to learn the Real Yield Greek Alphabet as it's spilling out of the options world @Slappjakke
If you have leverage farming positions on @0xC_Lever, this simulator will assist you in two ways:
Analyzing your position (present and future).
Making informed decisions.
Here is another top 10 research tools for finding valuable alpha information in the ecosystem. @OGtestnet
Could you use AI to predict if a smart contract is malicious from its code? @mike_h_wu
Introducing HTTPie AI, a new way to interact with APIs @httpie
There have been many amazing #threads about $stETH and $ETH, to complement that we will uncover the basis of #liquidstaking in our latest #visualguide
5. Spicy Crypto Drama
This weekly is oddly happening. There are much more things going that I can find to include for this part. Probably a sign that this year will be rough?
Looking back on some monumental CT tweets from 2022. @ByzGeneral
Seems like a possible acquisition of FTX’s IP @Crypto_Joe10
BREAKING: Sam Bankman-Fried pleads 'not guilty' to all charges in a shocking turn of events.@esatoshiclub
Didn't know that SBF was medically certified to talk about pandemic prevention. This is getting absurd as the White House spokesperson says meetings with SBF were focussed on pandemic prevention
Did the SG government just serve Su & Kyle on Twitter lmao @HsakaTrades
Kinda sucks…Judge ruled the $4.2B customer deposits as the property of Celsius. Celsius can use the funds as it sees fit, and declared the 600,000 depositors as "Unsecured creditors", with no rights to their deposited funds. @DataaRocks
Scoop: Genesis parent company Digital Currency Group just shut down its $3.5 billion wealth management division as the crypto contagion continues. @KateClarkTweets
Aside from these happening to more of the stories being spotlighted, I think it is interesting to be aware of the other happenings in other parts of the world too. I wanted to bring some light to the lesser known issue here:
Ghanaian banks have lost millions of dollars because of a surge in crypto purchases. @0xKofi
Lastly, the biggest FUD of 2023 so far is by Huobi. Justin Sun finally came up to tweet something after hours since the FUD started with Huobi shutting down internal communications.
SUMMARY OF #HUOBI FUD
- Justin Sun to shutdown 1,100 staff Huobi China HQ
- Re-contracting all China employees to Huobi Global, Singapore
- Full-time employees become new staff with 3-Mth probation
- Revoked N+1 layoff compensation
- Revoked year-end bonus
Thank you all for reading till the end. Appreciate your donation or tipping if you liked this newsletter!